have expressed a desire to abolish Facebook’s dual-class share
structure, which, according to them, gives too much power to
Zuckerberg and his team of executives.
Facebook investors, who together hold $3 billion in company
shares, are going to dismiss its founder Mark Zuckerberg
from the post of chairman of the board and
deprive him of power in the company, Business Insider
growing discontent among Facebook shareholders concerns the
way the social media giant's founder manages the social network.
In their opinion, the reaction to all the problems that the
company has faced recently has not happened because the
company's corporate structure makes Zuckerberg inviolable
in the role of executive director and chairman
of the board.
to them, they have not been in such an uproar
since 2012, when the company made an IPO.
have concerns about the structure of the board that
the company doesn't seem ready to address, which can lead
to risks — reputational, regulatory, and otherwise,"
New York City's comptroller, Scott Stringer, who manages about
$895 million worth of Facebook shares through city
pension funds, said.
want to replace Mark Zuckerberg with an independent